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Putin pledges over $126 billion in public spending as election looms
Reuters ^ | 3/11/2024 | Darya Korsunskaya

Posted on 03/11/2024 7:21:12 AM PDT by marcusmaximus

President Vladimir Putin is set to extend his 24 years as Russia's paramount ruler in an election on March 15-17 and has promised more than 11.5 trillion roubles ($126.5 billion) in infrastructure and social spending over the next six years.

"This is the programme of a strong, sovereign country that confidently looks to the future," Putin told Russia's elite including lawmakers in a speech on Feb. 29. "We have both the resources and tremendous opportunities to achieve our goals."

Russia's total budget spending in 2024 is planned at 36.6 trillion roubles, with military expenditure set to exceed social spending for the first time this year, as Moscow presses on with its war in Ukraine, now in its third year.

(Excerpt) Read more at reuters.com ...


TOPICS: Chit/Chat
KEYWORDS: 11trillionrubles; debtclock; russia; socialism; socialspending; usbudget; usdebt
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1 posted on 03/11/2024 7:21:12 AM PDT by marcusmaximus
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To: marcusmaximus

Must be in his stash...................


2 posted on 03/11/2024 7:24:45 AM PDT by Red Badger (Homeless veterans camp in the streets while illegals are put up in 5 Star hotels....................)
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To: marcusmaximus
Those are rookie numbers Pooty, you'll never catch up to what Biden is spending with tax dollars.
3 posted on 03/11/2024 7:27:06 AM PDT by TornadoAlley3 ( I'm Proud To Be An Okie From Muskogee)
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To: marcusmaximus

Does Russia have some version of the US Rural Electrification Program or the Tennessee Valley Authority TVAA? I’ve read there are still many households there without electricity or running water yet.


4 posted on 03/11/2024 7:28:16 AM PDT by desertsolitaire
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To: marcusmaximus

If I had been smart, starting in about 1975, I should’ve invested in special paper, ink and printing presses for printing money world-wide, backed up by THIN AIR!

I’d be rich, Rich, RICH by now! ;)

https://www.thebalancemoney.com/national-debt-by-year-compared-to-gdp-and-major-events-3306287

Obviously Putin doesn’t have to provide a balanced budget, either! *SPIT*


5 posted on 03/11/2024 7:31:35 AM PDT by Diana in Wisconsin (I don't have, 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set. )
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To: marcusmaximus

Ironically, despite the fact that the left has continuously spouted the untruth that Putin put Trump into office, you just know we will be trying to interfere in Russia’s election.


6 posted on 03/11/2024 7:31:43 AM PDT by neverevergiveup
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To: desertsolitaire

Funny that “Putin” is promising indoor toilets as part of his “social spending” announcement.


7 posted on 03/11/2024 7:35:14 AM PDT by marcusmaximus
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To: desertsolitaire

“ I have read”…..
———-
Your first mistake. “ I have been “ there for three years…..absolutely beautiful and CLEAN. That said, much of the billions will be spent on developing Russia’s vast resources, the largest in the world….jobs, jobs, jobs…..senile Joe’s sanctions have unleashed a powerhouse.


8 posted on 03/11/2024 7:36:15 AM PDT by delta7
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To: marcusmaximus

US CIA: troubled egg production to get the majority of investment.


9 posted on 03/11/2024 7:40:23 AM PDT by PGR88
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To: TornadoAlley3
Those are rookie numbers Pooty, you'll never catch up to what Biden is spending with tax dollars.

That is an understatement!!!

Russia was paying down its national debt in 2023. They reduced it by $57 Billion which was approximately 15% of the total that they owed. The United States National Debt went up $2 Trillion to $34 Trillion in the same time period. And this does not include the increase on the $212 Trillion in unfunded liabilities which is going up at an even faster rate.

Russian GPD is currently growing at 5% a year. Their economy is going gang busters compared to ours. The United States GPD growth is currently at 2.1% and projected to fall to 1.4% in 2024. But at least that is better than France currently at 1%, or the .48% that the United Kingdom's GDP grew at in 2023.

143 million people live in Russia. The country owes $271.6 Billion that comes to approximately $1,900 per person.

332 million people live in the United States. Our country owes $34 Trillion that comes to $102,400 per person. But wait in the United States we also have $212 Trillion in “unfunded liabilities” that comes to an additional $638,500 of debt per person. Let's not bother counting the additional $4 Trillion owed by state and local governments.

Russians are doing just fine compared people in the United States. They are climbing out of 3rd world status while we are rushing headlong into an unsustainable abyss of debt while our society is coming apart at the seams.

10 posted on 03/11/2024 7:41:52 AM PDT by fireman15 (Irritating people are the grit from which we fashion our pearl. I provide the grit. You're Welcome.)
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To: PGR88

“Putin” social spending stronk as bull!


11 posted on 03/11/2024 7:42:44 AM PDT by marcusmaximus
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To: marcusmaximus
HORRIFIC FATE | Unstoppable Russian Offensive Brought More Territorial Gains Across All Fronts!

New Russian Probing Attacks | 4th Abrams Lost | Elite 47th Mechanized Brigade Struggles

12 posted on 03/11/2024 7:47:19 AM PDT by Kazan
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To: marcusmaximus

Why stop there? Why not 500b or a trillion, I mean it’s only money!


13 posted on 03/11/2024 7:49:01 AM PDT by The Louiswu (Pray for Peace in the world.)
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To: marcusmaximus
So does Biden. Quite frankly, I personally am more concerned about what Biden does than Putin, as you should also care, but you you don't.

Do you ever post anything other than negative Russia/Putin posts? I sure haven't noticed any.

14 posted on 03/11/2024 7:52:43 AM PDT by Robert DeLong
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To: Kazan

Kyiv in 3 days!


15 posted on 03/11/2024 8:00:05 AM PDT by marcusmaximus
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To: Allegra; AndyJackson; ANKE69; bimboeruption; dforest; doorgunner69; fireman15; MoochPooch; ...
Multiplezeepers-2

(((PING!)))

To be added to the zeeper follies pinglist, ping me bro... we need laughter!

16 posted on 03/11/2024 8:05:02 AM PDT by aMorePerfectUnion
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To: Diana in Wisconsin
Obviously Putin doesn't have to provide a balanced budget, either! *SPIT*

Obviously! Putin is still basically a dictator, so he really doesn't have to do anything. But in 2023 despite the money being spent on the war in Ukraine and a myriad of “economic sanctions” they still managed to pay off $57 Billion of their national debt which was 15% of the total in one year. Putin might be able to spend an additional $126 Billion on infrastructure and social programs over 6 years and keep his budget balanced.

In 2023 the US by contrast increased it's debt by $4 Trillion not including the $212 Trillion in “unfunded liabilities” which are going up at an even faster rate.

17 posted on 03/11/2024 8:05:36 AM PDT by fireman15 (Irritating people are the grit from which we fashion our pearl. I provide the grit. You're Welcome.)
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To: aMorePerfectUnion

“Putin” social spending stronk as bull!


18 posted on 03/11/2024 8:11:02 AM PDT by marcusmaximus
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To: marcusmaximus

Ukraine keeps shrinking...every day, losing territory it will never get back.


19 posted on 03/11/2024 9:06:48 AM PDT by Kazan
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To: Kazan

What May 9th “Victory” parade doink?


20 posted on 03/11/2024 9:22:13 AM PDT by marcusmaximus
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